The Best Ideas of 2012

Quartz, the Atlantic Monthly’s new business magazine, recently asked me to compile a list of the best ideas to emerge this year from the technology industry, in an essay published just after Christmas. Here are some of the highlights: The last-second economy: in the I’ll-call-you-when-I’m-close era, consumers expect everything to be available on a moment’s notice,… Read More

Never Tell Me the Odds

In a board call last month, I finally told everyone that the commission savings that Redfin offers home sellers and home buyers dramatically lowers our profits margins and there is no evidence that it drives more revenue. We have, I told our investors, given away $100 million because of my irrational belief that Redfin was… Read More

Growing, Fast and Slow

“Greed,” Gordon Gekko once declared, “is good.” Oliver Stone’s private-equity titan was referring to the process of creative destruction, in which ravenous corporate raiders strip a businesses to its bones in three months flat. Venture capitalists have the same simple attitude toward growth: growth is good. Their fish of choice is not a piranha but… Read More